SES AI Corporation (SES)

SES AI Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	64.14	29.54	128.8	85.67	106.62	160.5
Short-Term Investments	98.86	170.09	133.75	246.78	283.46	-
Cash & Short-Term Investments	163	199.63	262.54	332.45	390.08	160.5
Cash Growth	-28.79%	-23.96%	-21.03%	-14.78%	143.05%	989.59%
Accounts Receivable	7.75	4.78	0.95	-	-	-
Other Receivables	-	-	-	9.01	2.38	8.31
Receivables	7.75	4.78	0.95	9.01	2.38	8.31
Inventory	8.44	5.15	0.21	0.56	0.38	-
Prepaid Expenses	6.81	6.71	13.2	6.61	3.79	1.16
Total Current Assets	185.99	216.28	276.9	348.63	396.64	169.97
Property, Plant & Equipment	30.58	36.5	48.09	51.06	39.12	12.49
Goodwill	13.27	13.27	-	-	-	-
Other Intangible Assets	2.69	2.81	1.22	1.35	1.47	1.63
Long-Term Deferred Tax Assets	1.52	1.52	1.34	1.06	-	-
Other Long-Term Assets	2.16	2.26	2.24	4.72	3.21	9.26
Total Assets	236.21	272.65	329.79	406.81	440.44	193.35

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	5.62	5.69	1.9	4.83	6.19	4.71
Accrued Expenses	7.87	9.01	15.63	8.3	4.68	3.22
Short-Term Debt	0.44	0.83	-	-	-	-
Current Portion of Leases	1.63	2.3	2.59	2.4	1.9	-
Current Income Taxes Payable	0.97	0.49	0.31	0.29	1.42	0.23
Current Unearned Revenue	2.18	2.67	-	-	-	-
Other Current Liabilities	9.82	3.17	2.39	4.54	5.17	2.83
Total Current Liabilities	28.53	24.16	22.82	20.36	19.36	10.99
Long-Term Leases	5.07	5.81	7.98	11.32	10.17	-
Long-Term Unearned Revenue	8.57	9.04	8.61	9.27	6.66	-
Other Long-Term Liabilities	6.98	18.88	12.08	6.92	12.72	0.75
Total Liabilities	49.15	57.89	51.48	47.86	48.9	11.73

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.04	0.04	0.04	0.04	0.04	0.01
Additional Paid-In Capital	590.2	588.36	579.38	559.21	538.04	5.6
Retained Earnings	-401.91	-371.91	-298.87	-198.69	-145.29	-94.29
Comprehensive Income & Other	-1.27	-1.73	-2.23	-1.61	-1.25	0.37
Total Common Equity	187.06	214.76	278.31	358.95	391.54	-88.32
Shareholders' Equity	187.06	214.76	278.31	358.95	391.54	181.62
Total Liabilities & Equity	236.21	272.65	329.79	406.81	440.44	193.35

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	7.15	8.94	10.56	13.72	12.06	-
Net Cash (Debt)	155.85	190.69	251.98	318.73	378.02	160.5
Net Cash Growth	-29.02%	-24.32%	-20.94%	-15.68%	135.53%	1055.49%
Net Cash Per Share	0.47	0.58	0.78	1.01	1.31	2.63
Filing Date Shares Outstanding	371.29	366.62	364.66	354.96	349.81	10.47
Total Common Shares Outstanding	371.15	365.43	361.56	354.15	349.71	10.47
Working Capital	157.46	192.12	254.09	328.27	377.28	158.99
Book Value Per Share	0.50	0.59	0.77	1.01	1.12	-8.43
Tangible Book Value	171.1	198.67	277.09	357.61	390.07	-89.95
Tangible Book Value Per Share	0.46	0.54	0.77	1.01	1.12	-8.59
Machinery	-	35.33	32.69	22.93	18.49	7.6
Construction In Progress	-	0.04	1.97	9.77	5.42	6.04
Leasehold Improvements	-	23.34	24.39	18.23	11.44	4.11

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Apr 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

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